180 Wealth Advisors LLC Buys Shares of 14,622 CoreWeave Inc. $CRWV

Key Points

• 180 Wealth Advisors LLC opened a new position in CoreWeave (NASDAQ:CRWV), buying 14,622 shares valued at approximately $1.05 million in the fourth quarter.
• Company insiders have been heavy sellers recently — including Brannin McBee and Brian M. Venturo — with insiders selling a total of 4,786,814 shares worth $405.8 million over the past 90 days.
• Analysts maintain a consensus rating of “Moderate Buy” with an average target of $122.35, while CoreWeave showed 110% revenue growth to $1.57 billion but missed EPS expectations (quarterly EPS -$0.89 vs. -$0.61) and remains unprofitable.

180 Wealth Advisors LLC purchased a new position in shares of CoreWeave Inc. (NASDAQ:CRWV - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 14,622 shares of the company's stock, valued at approximately $1,047,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CRWV. Chilton Capital Management LLC boosted its holdings in CoreWeave by 50.2% in the 3rd quarter. Chilton Capital Management LLC now owns 362 shares of the company's stock valued at $50,000 after purchasing an additional 121 shares during the last quarter. Family Legacy Financial Solutions LLC grew its position in CoreWeave by 166.7% in the third quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company's stock worth $27,000 after acquiring an additional 125 shares during the period. CoreCap Advisors LLC grew its position in CoreWeave by 29.6% in the third quarter. CoreCap Advisors LLC now owns 644 shares of the company's stock worth $88,000 after acquiring an additional 147 shares during the period. Pittenger & Anderson Inc. increased its stake in CoreWeave by 36.0% during the third quarter. Pittenger & Anderson Inc. now owns 680 shares of the company's stock worth $93,000 after acquiring an additional 180 shares during the last quarter. Finally, Banco Santander S.A. increased its stake in CoreWeave by 7.9% during the third quarter. Banco Santander S.A. now owns 2,455 shares of the company's stock worth $336,000 after acquiring an additional 180 shares during the last quarter.

Insider Buying and Selling

In related news, insider Brannin Mcbee sold 43,750 shares of CoreWeave stock in a transaction on Monday, March 16th. The stock was sold at an average price of $84.44, for a total value of $3,694,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian M. Venturo sold 281,250 shares of the business's stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $83.65, for a total value of $23,526,562.50. The SEC filing for this sale provides additional information. Insiders sold a total of 4,786,814 shares of company stock worth $405,782,893 over the last ninety days.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Truist Financial upped their price target on CoreWeave from $84.00 to $85.00 and gave the company a "hold" rating in a research note on Friday, February 27th. Jefferies Financial Group cut their price objective on CoreWeave from $155.00 to $120.00 and set a "buy" rating for the company in a research report on Monday, January 5th. HC Wainwright reaffirmed a "buy" rating and issued a $180.00 target price on shares of CoreWeave in a research report on Monday, March 2nd. Citigroup lowered their target price on shares of CoreWeave from $135.00 to $126.00 and set a "buy" rating for the company in a research note on Wednesday, March 4th. Finally, Roth Mkm reiterated a "buy" rating on shares of CoreWeave in a research report on Monday, February 23rd. Eighteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $122.35.

CoreWeave Stock Up 0.6%

Shares of CRWV opened at $81.96 on Tuesday. The company's 50-day simple moving average is $89.21 and its 200-day simple moving average is $97.66. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.46 and a current ratio of 0.46. CoreWeave Inc. has a 1 year low of $33.51 and a 1 year high of $187.00. The stock has a market capitalization of $34.34 billion and a PE ratio of -25.61.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The company reported ($0.89) earnings per share for the quarter, missing analysts' consensus estimates of ($0.61) by ($0.28). The business had revenue of $1.57 billion during the quarter. CoreWeave had a negative net margin of 22.75% and a negative return on equity of 33.82%. The firm's revenue was up 110.4% on a year-over-year basis.

CoreWeave Company Profile

CoreWeave is a U.S.-based provider of GPU-accelerated cloud infrastructure designed to support compute-intensive workloads such as artificial intelligence, machine learning, visual effects rendering and other high-performance computing applications. The company supplies access to large fleets of modern GPUs and complementary infrastructure that enable customers to train and deploy large models, run inference at scale, and process graphics-heavy workloads with low latency and high throughput.

CoreWeave’s product offering includes on-demand and dedicated GPU instances, bare-metal servers, private clusters and managed services tailored for enterprise and developer use.

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